13926 Jurmu Rd · Baraga, MI 49908

$209,000

4 bd · 1.0 ba · 1,426 sqft · SingleFamily public records · 47 Days on market

Built 1980 0.61 ac lot $147/sqft · 44% below area Est $373k · 44% under · waterfront

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Appreciation +9.4/10.0
• Cash flow +6.0/30.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• 1% rule +0.9/10.0
• DSCR +0.3/10.0

Listing remarks MLS

Check this one out! Located on Jurmu Road in Baraga County, just off US-41, this Keweenaw Bay waterfront property delivers the kind of views and setting people are always searching for. With direct lake frontage and an ideal east-facing position, you’ll start your mornings with breathtaking sunrises over the bay while relaxing on your deck with a cup of coffee. This home offers 4 bedrooms (one non-conforming), 1 full bath. You'll have plenty of space for family, guests, or a potential vacation setup. The entry welcomes you into a cozy den area, creating a warm first impression, while the spacious kitchen and dining area offer a functional layout for everyday living and entertaining. The views here are hard to beat—overlooking Keweenaw Bay toward Pequaming, you’ll have a front-row seat to some of the most scenic water in the Upper Peninsula. In addition to the waterfront setting, the property includes deeded beach access, giving you reliable, long-term access to the shoreline for swimming, relaxing, and enjoying everything the bay has to offer. The beach area is very accessible, making it perfect for summer days on the water, evening bonfires, or, for the fishing enthusiast, a convenient launching point for ice fishing when conditions allow. The location provides a quiet, peaceful setting with minimal traffic, as the road is primarily used by locals. Whether you’re looking for a year-round residence, a seasonal getaway, or an investment opportunity, this property checks a lot of boxes. Additional features include a small garage for storing lawn and snow equipment, along with a newer mound septic system already in place—giving you added peace of mind. Properties with this combination of views, access, and location don’t come around often. If you’ve been looking for a place to enjoy everything Keweenaw Bay has to offer, this is one you’ll want to see. Let’s go take a look.

Key facts

• Deeded beach access
• Spacious kitchen
• Direct lake frontage

Tags

• KEWEENAW BAY WATERFRONT
• DIRECT LAKE FRONTAGE
• DEEDED BEACH ACCESS
• SPACIOUS KITCHEN
• FUNCTIONAL LAYOUT
• SCENIC WATER VIEWS

Property features AI

Finance

• Other: Approximately 0.61 acre lot; About 150' frontage; Access via paved, year-round city/county road

Exterior

• Parking: 3 or more parking spaces
• Utilities: Drilled well; Mound septic; Propane (LP) and wood heat sources; Gas water heater; Propane tank leased; Phone connected; Fiber internet available
• Home design: Single-story manufactured home (single wide, manufactured after 1976); Residential property; On waterfront with lake frontage on Lake Superior; Facing water frontage
• Construction: Built in 1980; Wood and metal siding exterior; Crawlspace foundation
• Exterior features: Deck; Porch; Shed (outbuilding); Rural setting; Bay and lake views; Rocky and sandy shoreline; Beach access / beach frontage

Interior

• Kitchen: Microwave; Range/oven; Refrigerator
• Bedrooms: Bedroom 1 (First floor) — approx. 9 x 14; Bedroom 2 (First floor) — approx. 7 x 11; Bedroom 3 (First floor) — approx. 11 (width listed); Bedroom 4 (First floor) — approx. 11 x 13
• Bathrooms: One full bathroom on the main/first floor; Primary bath present
• Heating & cooling: Forced air heating; Wall heat; Space heater for supplemental heat; No central cooling
• Interior features: Window treatments; First-floor bedroom(s)
• Laundry & utility: Washer included

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $209k.

Deal economics

• At list price, monthly cash flow is $-401 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (33.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (41.1% below list).
• Recommended offer: $123k (41.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#421 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools F, amenities F, commute F.
• Baraga Area Schools (rural): math 15% / reading 35% proficiency, ranked #603 of 760 in MI (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 14 active listings in the ZIP; 11 units permitted in Baraga County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $18k appreciation (8.7% local appreciation)).
• Baraga County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($203k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $26k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $209k implies a 201% gain — meaningful room to come down on a strong offer.

Recommended offer $123,202 (41.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.59% ✗
• Cap rate: 3.99%
• Cash-on-cash: -8.23%
• DSCR: 0.63
• GRM: 14.1

CMA / ARV

• ARV (median comp): $373,197
• List price: $209,000
• Delta: -44.00%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

8.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.6%
• Equity multiple: 2.20×
• Total profit: $70,455
• Equity at exit: $169,358

10-year hold

• IRR: 15.1%
• Equity multiple: 4.83×
• Total profit: $224,226
• Equity at exit: $346,794

Cash invested: $58,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49908

• Home prices YoY: 6.2%
• Active inventory: 14
• Price-to-rent: 14.1×

Monthly cashflow live

• Estimated rent: $1,232 medium
• Mortgage (P&I): −$1,096
• Tax from tax record: −$191 /mo · $2,298/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $-401

Break-even live

Break-even rent $1,740

Max offer price $138,114

Occupancy floor —

Sensitivity live

Price	-10% $-283	-5% $-342	+0% $-401	+5% $-460	+10% $-520
Rent	-10% $-499	-5% $-450	+0% $-401	+5% $-353	+10% $-304
Rate	-1.0pp $-296	-0.5pp $-348	base $-401	+0.5pp $-455	+1.0pp $-511

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-22
   days on market $209,000 Active 47 DOM
2. 2026-06-21
   days on market $209,000 Active 46 DOM
3. 2026-06-21
   days on market $209,000 Active 45 DOM
4. 2026-06-18
   days on market $209,000 Active 43 DOM
5. 2026-06-17
   days on market $209,000 Active 42 DOM
6. 2026-06-16
   days on market $209,000 Active 41 DOM
7. 2026-06-15
   pricedays on market $209,000 Active 40 DOM

   Show marketing remark (1957 chars)

   Check this one out! Located on Jurmu Road in Baraga County, just off US-41, this Keweenaw Bay waterfront property delivers the kind of views and setting people are always searching for. With direct lake frontage and an ideal east-facing position, you’ll start your mornings with breathtaking sunrises over the bay while relaxing on your deck with a cup of coffee. This home offers 4 bedrooms (one non-conforming), 1 full bath. You'll have plenty of space for family, guests, or a potential vacation setup. The entry welcomes you into a cozy den area, creating a warm first impression, while the spacious kitchen and dining area offer a functional layout for everyday living and entertaining. The views here are hard to beat—overlooking Keweenaw Bay toward Pequaming, you’ll have a front-row seat to some of the most scenic water in the Upper Peninsula. In addition to the waterfront setting, the property includes deeded beach access, giving you reliable, long-term access to the shoreline for swimming, relaxing, and enjoying everything the bay has to offer. The beach area is very accessible, making it perfect for summer days on the water, evening bonfires, or, for the fishing enthusiast, a convenient launching point for ice fishing when conditions allow. The location provides a quiet, peaceful setting with minimal traffic, as the road is primarily used by locals. Whether you’re looking for a year-round residence, a seasonal getaway, or an investment opportunity, this property checks a lot of boxes. Additional features include a small garage for storing lawn and snow equipment, along with a newer mound septic system already in place—giving you added peace of mind. Properties with this combination of views, access, and location don’t come around often. If you’ve been looking for a place to enjoy everything Keweenaw Bay has to offer, this is one you’ll want to see. Let’s go take a look.

8. 2026-06-13
   days on market $235,000 Active 38 DOM
9. 2026-06-12
   days on market $235,000 Active 37 DOM
10. 2026-06-09
    days on market $235,000 Active 34 DOM
11. 2026-06-08
    days on market $235,000 Active 33 DOM
12. 2026-06-07
    days on market $235,000 Active 32 DOM
13. 2026-06-07
    days on market $235,000 Active 31 DOM
14. 2026-06-04
    days on market $235,000 Active 28 DOM
15. 2026-06-02
    days on market $235,000 Active 27 DOM
16. 2026-06-01
    days on market $235,000 Active 26 DOM
17. 2026-05-31
    days on market $235,000 Active 25 DOM
18. 2026-05-31
    days on market $235,000 Active 24 DOM
19. 2026-05-06
    listed $235,000 Active 1957-char remark

    Show marketing remark (1957 chars)

    Check this one out! Located on Jurmu Road in Baraga County, just off US-41, this Keweenaw Bay waterfront property delivers the kind of views and setting people are always searching for. With direct lake frontage and an ideal east-facing position, you’ll start your mornings with breathtaking sunrises over the bay while relaxing on your deck with a cup of coffee. This home offers 4 bedrooms (one non-conforming), 1 full bath. You'll have plenty of space for family, guests, or a potential vacation setup. The entry welcomes you into a cozy den area, creating a warm first impression, while the spacious kitchen and dining area offer a functional layout for everyday living and entertaining. The views here are hard to beat—overlooking Keweenaw Bay toward Pequaming, you’ll have a front-row seat to some of the most scenic water in the Upper Peninsula. In addition to the waterfront setting, the property includes deeded beach access, giving you reliable, long-term access to the shoreline for swimming, relaxing, and enjoying everything the bay has to offer. The beach area is very accessible, making it perfect for summer days on the water, evening bonfires, or, for the fishing enthusiast, a convenient launching point for ice fishing when conditions allow. The location provides a quiet, peaceful setting with minimal traffic, as the road is primarily used by locals. Whether you’re looking for a year-round residence, a seasonal getaway, or an investment opportunity, this property checks a lot of boxes. Additional features include a small garage for storing lawn and snow equipment, along with a newer mound septic system already in place—giving you added peace of mind. Properties with this combination of views, access, and location don’t come around often. If you’ve been looking for a place to enjoy everything Keweenaw Bay has to offer, this is one you’ll want to see. Let’s go take a look.

20. 2026-05-06
    listed $235,000 Active 1957-char remark

    Show marketing remark (1957 chars)

    Check this one out! Located on Jurmu Road in Baraga County, just off US-41, this Keweenaw Bay waterfront property delivers the kind of views and setting people are always searching for. With direct lake frontage and an ideal east-facing position, you’ll start your mornings with breathtaking sunrises over the bay while relaxing on your deck with a cup of coffee. This home offers 4 bedrooms (one non-conforming), 1 full bath. You'll have plenty of space for family, guests, or a potential vacation setup. The entry welcomes you into a cozy den area, creating a warm first impression, while the spacious kitchen and dining area offer a functional layout for everyday living and entertaining. The views here are hard to beat—overlooking Keweenaw Bay toward Pequaming, you’ll have a front-row seat to some of the most scenic water in the Upper Peninsula. In addition to the waterfront setting, the property includes deeded beach access, giving you reliable, long-term access to the shoreline for swimming, relaxing, and enjoying everything the bay has to offer. The beach area is very accessible, making it perfect for summer days on the water, evening bonfires, or, for the fishing enthusiast, a convenient launching point for ice fishing when conditions allow. The location provides a quiet, peaceful setting with minimal traffic, as the road is primarily used by locals. Whether you’re looking for a year-round residence, a seasonal getaway, or an investment opportunity, this property checks a lot of boxes. Additional features include a small garage for storing lawn and snow equipment, along with a newer mound septic system already in place—giving you added peace of mind. Properties with this combination of views, access, and location don’t come around often. If you’ve been looking for a place to enjoy everything Keweenaw Bay has to offer, this is one you’ll want to see. Let’s go take a look.

21. 2005-09-09
    soldstatus $69,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,298 · $191/mo
• Projected year-2 tax: $2,758 · $230/mo
• Expected delta: +$461/yr (+$38/mo · 20.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥92°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,784
• − Mortgage interest: −$11,707
• − Property taxes: −$2,298
• − Insurance: −$1,045
• − Repairs & maintenance: −$1,183
• − Management: −$1,183
• − Depreciation: −$6,080
• Taxable loss: −$8,711
• Est. tax savings @ 24.0%: +$2,091
• After-tax cash flow: $-2,725/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baraga Area Schools
• NCES district ID: 2603990
• Math proficiency: 15% ▬ 0.00%
• Reading proficiency: 35% ▲ 5.00%
• Median HH income: $40,094
• Composite: 24.11/100
• National rank: #13159
• State rank: #603 of 760 in MI

Livability — Baraga

• Score: 66/100
• State rank: #421
• US rank: #11515

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment F Housing A Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,208

Population outlook (Baraga County) Hauer SSP2

• Today (2025): 7,923 people
• By 2030: 7,579 · -4.3%
• By 2040: 6,920 · -12.7%
• By 2050: 6,277 · -20.8%
• By 2075: 5,030 · -36.5%
• By 2100: 3,809 · -51.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 55% Native American 18% Black 16% Two or more races 8% Hispanic / Latino 3%
• Common ancestry: Italian 10% Lithuanian 5% Romanian 4%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Baraga

• 2024 margin: Strong R (+29.8) · D 34.4% · R 64.2% · Other 1.5%
• 2008→2024 swing: -26.5pp toward R · 2008: -3.3pp · 2024: -29.8pp
• All cycles: 2024: R+29.8 2020: R+25.6 2016: R+28.7 2012: R+8.4 2008: R+3.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.73%
• Current HPI: 149.2141
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+200.7% since first listed

6 events — show timeline

• 2026-06-15 Price Changed $209,000 MiRealSource-MiMLS
• 2026-06-15 Price Changed $205,000 MiRealSource-MiMLS
• 2026-06-15 Price Changed $209,000 UPAR
• 2026-05-06 Listed $235,000 UPAR
• 2026-05-06 Listed $235,000 MiRealSource-MiMLS
• 2005-09-09 Sold (Public Records) $69,500 Public Records

Property tax history

+3.2%/yr

Latest (2025): $2,298 · +3.0% YoY. Source: county tax records.